Government officials not acting fiduciarily responsible

August 14, 2020

Prior to the pandemic in mid-March, NAIOP NJ had planned to convene several experts to examine New Jersey’s fiscal challenges, controlling costs at the local level and pension and benefits reform. In the subsequent four months, our national GDP has plunged 33 percent and New Jersey’s unemployment rate is a startling 16.6 percent, as budgeted state and local revenues are hemorrhaging. COVID-19 has made matters far worse and the budgetary pains and economic slowdown will be significant and sustained under any scenario. Our state and local elected officials must now make difficult decisions that do not jeopardize our future.

To help us better understand these issues, I consulted with noted fiscal expert Richard Keevey, former budget director and comptroller for New Jersey under two governors, and Mark Pfeiffer, senior policy fellow and assistant director with the Bloustein Center for Local Government Research at Rutgers University. Both have extensive experience with public policy and fiscal issues at the local, state and national levels.

Real Estate New Jersey, August 13, 2020

Recent Posts

Elizabeth (Libby) Vinson (MPAP ’02) Named CEO of NJACP

From New Jersey Business Magazine, July 15, 2025 Vinson Named CEO of NJ Association of Community Providers The New Jersey Association of Community Providers (NJACP), Ewing, the statewide not-for-profit organization that represents community-based providers who care...

From Fear to Freedom and Hope: Rafael Escalante (UG PP ’26)

Pursuing a college education and the American dream, Rafael Escalante departed the embattled South American nation and made his way to New Jersey Rafael Escalante escaped politically motivated persecution as a teenager in Venezuela to find his place – and a brighter...

NJSPL: Mapping Corporate Landlords in New Jersey

by Eric Seymour As part of our ongoing research project supported by the New Jersey State Policy Lab, we are examining the growth of corporate ownership in the state’s small residential property market. Our focus is on 1- to 4-unit properties, which, in addition to...

Samuel and Colleagues Examine the Rise of AI Phobia

Abstract Contemporary public discourse surrounding artificial intelligence (AI) often exhibits a disproportionate level of fear and confusion relative to AI’s factually documented capabilities and implications. This study examines how the systematic use of alarmist...

Ralph, Johnson-Rodriguez Research ASE Perceptions

Do perceptions of speeding act as a barrier to automated speed enforcement in the United States? Highlights Many American adults do not believe speeding is particularly dangerous. Yet 65% of respondents believe their community should vote for automated speed...